Hi all & MikalHoward,

I'm not saying you're lying and I don't mean to offend, I didn't register interest via the web site so I did not see the increase in price, I only read the price on https://www.propertyinvesting.com/course# which may have to update to avoid confusion.

The price may have increase, I've just last week signed up myself for the course and paid the upfront cost of $3995 i did attend Steves seminar earlier in the month so I must have just got in before the price increase. Apologies for any confusion I may have caused.

Give Brad Howard a call at http://www.elevaterent.com.au independently owned and he's passionate about property too, with a property gathering every few months.

They look after a few of my properties and am very happy with them, inspections come with photos and rents come in on time usually before the end of month compared to a few others I've dealt with who you never heard from and always have to chase up.

He also started me on the road to property investing

Regards

Wayne

Hey Gazza,

That was for cash flow capital, although I've not found any bad press or people not happy with their service, they seem to be legit, there's a few threads on them here. They use to charge a buyers agent fee like the 2-2.5% but now they only charge the mentoring fee, discounted by 50% if you sign up there and then.

Then today I get an email, shock horror there's a couple of spots left as people couldn't commit due to personal reasons, so hurry…

Nothing against the company, it is a business and every business needs to make money but I just don't like the format and marketing many of them use…. anytime someone says to me todays price only I switch off instantly and then why would I ever want to pay your full price later on

Thanks Terry, that's exactly what I thought was the case, I tried to explain it to my tax accountant but probably didn't word it right.

Is there a work around that anyone knows of, like refinancing the loan of similar..

Hey Mick, exactly the topic I wanted to ask but couldn't find a pervious thread about it. Wondering if someone could comment on my situation (not wanting to start a new thread or take over this one)

I built my PPOR a couple of year ago, loan for $380k been paying that down pri+int

Currently have not borrowed against it yet est value $450k

Loan is setup with a redraw facility and my pay goes straight into it with about $100k in there offsetting the loan

If we want to maybe change this to an IP some 5-8 yrs down the track what to do now?

am I better to change this to interest only now, get rid of the redraw facility and setup an offset account (should have set this up 1st but didn't want to pay the monthly off set acount fee)

will the entire loan amount still be tax deductible? having the redraw fac in effect currently.

Thanks Guys, sorry Mick

Wayno

Interesting, thanks for all the info….

I've been thinking about going into an NRAS property using my super too, $5000 setup does sound a little on the high side, not that I've looked into it but did attend a seminar a while back and they mentioned this setup and I don't remember it being that high of a cost or I would have remembered using some cuss words…and I wasn't really interested at the time.

Since then I've heard the talk shows such as skybusiness taking about the government looking into super and possible changes, as always the good ol government looking at moving the goal posts for all of us to keep chasing it for hard and longer… nothing happening just yet but I've got 35-40yrs of a waiting game to see…

Other thing that put me off was having a property in super puts all your eggs in one basket, no diversification so that's a risk in itself…

On the other hand I love property and WANT another one!!

Leverage to buy a property (which my super doesn't do atm, leverage that is)

Up to $115,000 in government incentive over 10 yrs, my super fund prob won't perform that wall over 10 yrs

Guess it's time to go back and do the numbers and see….

Would love to hear more about your SFSM and setup fees Jannazo once you've completed the process

Wayno

Tragic!!

I attended a property gathering last week and apparently there are a lot of changes coming soon to the tenancy act so we'll have to wait and see what the changes are.

Bump*

I've been pounding the payment recently checking out the new display village in my area and heard "this one's for sale" more then a few times.

Anyone got any experience with these, some with a 9% return over 2 yrs with option to lease further ect…..

I've love to have a European car, either a BMW or Merc but not at this stage they're just to costly for me so I'll divert funds to investing till I reach my goal and then reset.

Kong, nice car, my folks have the same one! great quality, only think I don't like about it was it was a little slugish for my liking, I have a 2.0 Lancer but thinking about a civic hatch for the wife. Great affordable cars, last Mitsubishi I had from new lasted 11 yrs before I sold it, without giving me any hassles, and same as my folks old honda with lasted 20yrs from new then sold it with no dramas.